INDIGOPNTS
Indigo Paints Limited (INDIGOPNTS) Stock Analysis
Indigo Paints Limited manufactures decorative paints and coatings for homes and contractors. It competes with differentiated products and regional strength before national expansion. The company sells through dealers and retail channels. It is a listed paints company.
Basic Materials › Specialty Chemicals
₹981.30
-5.54% 1W | -25.80% 52W
Market Cap
4.7k CR
P/E Ratio
31.5
52W High
₹1345.9
52W Low
₹708
Div. Yield
0.52%
Beta
0.5
50 DMA
₹1047.9
200 DMA
₹989.1
Profit Margin
9.9%
Inst. Own.
28.2%
⚡ APPROACHING SUPPORT
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 279 | 354 | 385 | 311 | 300 | 343 | 388 | 309 | 312 | 359 | 425 | 370 | 359 |
| YoY Sales growth | +15% | +26% | +18% | +8% | +7% | -3% | +1% | -1% | +4% | +5% | +10% | +20% | +15% |
| Expenses | 237 | 292 | 300 | 264 | 258 | 285 | 300 | 265 | 266 | 290 | 330 | 308 | 328 |
| Operating Profit | 42 | 62 | 85 | 47 | 42 | 57 | 87 | 44 | 47 | 68 | 96 | 62 | 31 |
| OPM % | 15% | 18% | 22% | 15% | 14% | 17% | 23% | 14% | 15% | 19% | 22% | 17% | 9% |
| Other Income | 3 | 3 | 4 | 4 | 5 | 3 | 6 | 6 | 3 | -2 | 0 | 10 | 2 |
| Interest | 1 | 1 | 0 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 11 | 15 | 16 | 15 | 15 | 15 | 13 | 15 | 15 | 15 | 15 | 16 | 16 |
| Profit before tax | 33 | 50 | 73 | 36 | 31 | 45 | 79 | 35 | 34 | 50 | 80 | 56 | 17 |
| Tax % | 24% | 25% | 25% | 25% | 27% | 20% | 27% | 25% | 25% | 26% | 26% | 26% | 20% |
| Net Profit | 25 | 38 | 54 | 27 | 22 | 36 | 57 | 26 | 25 | 37 | 59 | 42 | 13 |
| EPS in Rs | 5.32 | 7.82 | 11.27 | 5.50 | 4.75 | 7.56 | 11.95 | 5.44 | 5.27 | 7.63 | 12.10 | 8.76 | 2.79 |
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 1,073 | 1,306 | 1,341 | 1,405 | 1,513 |
| Sales growth | +22% | +3% | +5% | +12% | |
| Expenses | 892 | 1,068 | 1,107 | 1,150 | 1,256 |
| Operating Profit | 182 | 238 | 233 | 255 | 257 |
| OPM % | 17% | 18% | 17% | 18% | 17% |
| Other Income | 10 | 14 | 18 | 7 | 10 |
| Interest | 1 | 2 | 4 | 3 | 3 |
| Depreciation | 34 | 52 | 59 | 60 | 62 |
| Profit before tax | 156 | 199 | 190 | 198 | 203 |
| Tax % | 15% | 25% | 25% | 26% | |
| Net Profit | 132 | 149 | 142 | 148 | 151 |
| EPS in Rs | 27.73 | 30.94 | 29.76 | 30.43 | 31.28 |
| Dividend Payout % | 13% | 11% | 12% | 16% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 9.0% | – | – |
| Profit CAGR | 4.0% | – | – |
Shareholding Pattern
Promoters53.88%
FIIs11.81%
DIIs19.68%
Public14.64%
Promoters53.88%
FIIs11.21%
DIIs21.13%
Public13.80%
Promoters53.88%
FIIs7.42%
DIIs23.00%
Public15.72%
Promoters53.88%
FIIs5.73%
DIIs25.25%
Public15.16%
Promoters53.82%
FIIs5.70%
DIIs24.89%
Public15.59%
Promoters53.98%
FIIs8.80%
DIIs3.20%
Public33.99%
Promoters53.94%
FIIs7.73%
DIIs1.96%
Public36.37%
Promoters53.93%
FIIs12.41%
DIIs16.74%
Public16.93%
Promoters53.88%
FIIs7.42%
DIIs23.00%
Public15.72%
Promoters53.82%
FIIs5.70%
DIIs24.89%
Public15.59%
INDIGOPNTS
Holdings Analysis
Key strengths & risk signals
59
Overall
51
Fundamental
67
Technical
Risks (4)
OVERVALUED! PEG of 9.66 means expensive relative to growth rate.
RECOVERY MODE! Current price (1038.9) above 200-day but below 50-day.
POSITIVE YEAR! Stock gained 2.1% in the last year.
WEAK MOMENTUM! Limited price growth - 1.9% (1 week), -5.5% (1 month), -3.6% (3 months).
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (1110.0) is above 200-day average (1002.4) - positive signal.
LOW VOLATILITY! Beta of 0.50 - stable stock, less market risk.
TESTING SUPPORT! Stock is at key support level.
Fundamental & Technical Analysis
59Overall
51Fundamental
67Technical
Fundamental Breakdown
Growth Quality
13/30
Revenue CAGR: 9.4% (MODERATE, 8/15). Profit CAGR: 3.2% (SLOW, 5/15).
Profit Margin
5/10
DECENT EFFICIENCY! 11.0% profit margin - acceptable profitability.
PEG Valuation
0/10
OVERVALUED! PEG of 9.66 means expensive relative to growth rate.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.48% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.03 - excellent financial health.
Public Holding
10/20
SIGNIFICANT PUBLIC HOLDING! 34.23% public ownership - moderate retail influence.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (1110.0) is above 200-day average (1002.4) - positive signal.
Price Position
2/10
RECOVERY MODE! Current price (1038.9) above 200-day but below 50-day.
Trend Pattern
16/20
TESTING SUPPORT! Stock is at key support level.
52W Performance
4/10
POSITIVE YEAR! Stock gained 2.1% in the last year.
Volume Sentiment
20/30
BULLISH SENTIMENT! In last 30 days: 13 up days, 17 down days. Avg volume on up days: 49,735 vs down days: 48,702. Ratio: 1.02x
RSI
3/5
NEUTRAL! RSI at 41.5 - balanced momentum.
52W Range
3/5
MID RANGE! Trading at 51.9% of 52W range - neutral zone.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - 1.9% (1 week), -5.5% (1 month), -3.6% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.50 - stable stock, less market risk.
INDIGOPNTS
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q1FY272026-09-03 | Concall PDF | |
| Q4FY262026-05-29 | Concall PDF | |
| Q3FY262026-02-23 | Concall PDF | |
| Q2FY262025-11-11 | Concall PDF |
Peer Comparison
Basic Materials · Specialty Chemicals · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| INDIGOPNTS | ₹981.30 | 31.5 | 9.9% | 9.4% | 3.2% | -25.8% | 59 | APPROACHING SUPPORT | – | -68.1% | – | -2.9% |
| SOTL | ₹669.50 | 7.8 | 10.7% | 6.4% | -6.9% | +72.6% | 66 | BREAKDOWN | +421.9% | -26.4% | +58.8% | +15.3% |
| LXCHEM | ₹163.80 | 54.8 | 4.9% | -0.2% | -14.0% | -14.2% | 55 | BREAKDOWN | +216.4% | +213.4% | +39.7% | +31.7% |
| YASHO | ₹3,499.40 | 48.8 | 7.8% | 6.5% | -28.1% | +100.1% | 58 | BREAKDOWN | +587.8% | -6.6% | +89.7% | +13.0% |
| TATVA | ₹1,659.90 | 61.7 | 9.7% | 6.0% | -2.6% | +10.7% | 60 | CONSOLIDATING DOWN | +117.2% | +34.4% | +76.0% | +30.0% |
| VISHNU | ₹556.10 | 32.1 | 8.8% | 4.9% | 1.4% | +11.3% | 57 | BREAKDOWN | +8.2% | -10.1% | +6.9% | -1.1% |
| RESPONIND | ₹135.90 | 66.3 | 4.8% | 12.7% | 82.6% | -34.6% | 69 | BREAKDOWN | -87.8% | +140.7% | -34.7% | +6.2% |
| GRAUWEIL | ₹77.30 | 23 | 13.0% | 8.0% | 13.2% | -34.9% | 66 | APPROACHING SUPPORT | -12.7% | -15.3% | +11.8% | +8.9% |
Data from TradeAlone · Updated daily
INDIGOPNTS News
Indigo Paints Limited (indigopnts) Q2 FY27: Steady Growth, Profitability Hit by Product Mix and Material Costs2026-10-30Indigo Paints Limited (INDIGOPNTS) breaks out, gains 5% intraday2026-08-14Indigo Paints Limited (indigopnts) Q1 FY27: Revenue Up 18.7%, PAT Surges 60.7%2026-08-13Indigo Paints Limited (NSE: INDIGOPNTS) falls 5% intraday2026-07-08Indigo Paints Limited (INDIGOPNTS) breaks out, moves up 5% intraday2026-07-02Indigo Paints Limited Q4 FY26: Resilient Growth Amid Supply Disruptions2026-05-23
